Clayton Williams Energy (CWEI) OIL Message Board

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Gold/Mining/Energy : Clayton Williams Energy (CWEI) OIL

CWEI 131.90

0.0%

Apr 25 5:00 PM EST

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To: RonN who wrote (791)	8/4/1997 11:54:00 PM
From: Buzz Mills	of 1017

Oil was up sharply today--sitting at about $20.75--hasn't been up there for awhile--being pulled up mostly by the gasoline shortage--most of the increase in both, oil prices and stock price, came late in the day. Having a hard time calling this a breakout, due to the very low volume, but it is headed in the right direction. Iraq will begin shipping their oil within a few days, the analysts think that has already been factored into the current price--let's hope so---a number of refineries around the world are having problems, fires, lightning strike, and major breakdowns affecting the gasoline production along with what they are referring to as "a heavy year end demand."

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